Lime Energy Expands Internal Review

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Lime Energy (NASDAQ: LIME) today announced that on December 21, 2012, the Audit Committee of the Board of Directors of Lime Energy Co. (the “Company”) determined that the Company's consolidated financial statements on Form 10-K for the years ended December 31, 2008 and December 31, 2009 (the “2008 - 2009 financial statements”) may no longer be relied upon. The Audit Committee made that determination based on information discovered in the course of the Company's internal investigation of the misreporting of revenue for the years ended December 31, 2010 and December 31, 2011 and the quarter ended March 31, 2012 (the “2010 - 2012 financial statements" and collectively with the 2008 - 2009 financial statements, the "affected financial statements”) previously reported in

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